View full page at metalsmine.com

 

Gold Price Futures Technical Analysis - Trade Through $1488.90 Confirms Closing Price Reversal Top

From fxempire.com

Gold futures are edging slightly lower on Wednesday despite weaker U.S. Treasury yields and a drop in demand for higher risk assets. The selling pressure stems from a whip-saw trade on Tuesday that saw prices jump to a multi-year high in reaction to protests in Hong Kong and a plunge in the Argentine peso then retreat swiftly after the Trump Administration announced the delay of tariffs. The market settled lower on Tuesday, posting a potentially bearish closing price reversal top. At 06:52 GMT, December Comex gold futures are trading $1508.00, down $6.10 or -0.40%. The main trend is up according to the daily swing ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis